Eric Mertz and Tim Ferkin with the Archintex team following the acquisition
Hardware experts Caldwell are expanding their global reach with the acquisition of a key Indian distributor. Mumbai-based Archintex already supply quality Cotswold hardware to businesses across the Indian subcontinent. Now, the fast-growing firm will become part of newly-formed Caldwell South-East Asia.
It’s just the latest phase in Caldwell’s ambitious plans for growth in the region, as CEO Eric Mertz explains: We want to be part of one of the most dynamic economies in the world. India is set to grow 7.3% this year and 7.5% the next – that’s faster than China. By 2050, it’s expected to overtake America as the second-biggest economic power on Earth. And most excitingly for us, much of that growth will come from construction. The government’s Housing for All initiative will see hundreds of thousands of homes built in the next few years. That’s a huge opportunity – and by combining Archintex’s unmatched market knowledge with our global expertise, we’re confident we’ve got a formula for rapid growth.
Caldwell has big plans for the region. Further investment will see it become a key technology hub helping the company develop partners across Asia.
Market Development Director Tim Ferkin comments: We’re hugely excited to have the Archintex team join the Caldwell family. Together, we can provide even more seamless distribution of Cotswold hardware, and further expand the range of products we can provide. That’s great for us, and it’s great for thousands of Indian fenestration businesses, too. We can’t wait to get started.
Founded in Rochester, New York over 130 years ago, today Caldwell is a world-leading window hardware supplier. Its products, including those from its respected Cotswold brand, are used by major fenestration businesses all around the globe.